Insider Buying: MicroStrategy Incorporated (NASDAQ:MSTR) CAO Acquires 5,000 Shares of Stock

Key Points

• Jeanine Montgomery, the Chief Accounting Officer of MicroStrategy, acquired 5,000 shares of the company's stock on July 29th at an average price of $90.00, totaling $450,000.
• MicroStrategy's shares traded down to $394.66 recently, with significant volatility reflected by a one-year trading range of $102.40 to $543.00.
• Analysts have expressed optimistic views on MicroStrategy, with several issuing buy ratings and a consensus price target of $531.17.

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) CAO Jeanine Montgomery bought 5,000 shares of the stock in a transaction on Tuesday, July 29th. The shares were bought at an average price of $90.00 per share, with a total value of $450,000.00. Following the acquisition, the chief accounting officer owned 5,000 shares of the company's stock, valued at $450,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Jeanine Montgomery also recently made the following trade(s):

• On Friday, July 11th, Jeanine Montgomery sold 43,750 shares of MicroStrategy stock. The stock was sold at an average price of $430.54, for a total transaction of $18,836,125.00.
• On Friday, June 6th, Jeanine Montgomery sold 339 shares of MicroStrategy stock. The stock was sold at an average price of $374.55, for a total value of $126,972.45.
• On Thursday, June 5th, Jeanine Montgomery sold 1 shares of MicroStrategy stock. The stock was sold at an average price of $370.70, for a total transaction of $370.70.

MicroStrategy Price Performance

Shares of MSTR traded down $9.14 during trading hours on Tuesday, hitting $394.66. 10,548,228 shares of the company were exchanged, compared to its average volume of 15,801,925. MicroStrategy Incorporated has a one year low of $102.40 and a one year high of $543.00. The firm has a fifty day simple moving average of $395.63 and a 200-day simple moving average of $351.75. The company has a market capitalization of $107.90 billion, a PE ratio of -18.09 and a beta of 3.70. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.66.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The software maker reported ($16.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($16.47). MicroStrategy had a negative net margin of 1,160.72% and a negative return on equity of 37.64%. The business had revenue of $111.07 million during the quarter, compared to analyst estimates of $116.66 million. During the same period in the previous year, the firm posted ($0.83) EPS. The firm's revenue for the quarter was down 3.6% on a year-over-year basis.

Analysts Set New Price Targets

MSTR has been the topic of several analyst reports. BTIG Research restated a "buy" rating on shares of MicroStrategy in a research report on Wednesday, May 14th. TD Cowen lifted their target price on shares of MicroStrategy from $590.00 to $680.00 and gave the stock a "buy" rating in a research note on Tuesday, July 15th. HC Wainwright initiated coverage on MicroStrategy in a report on Tuesday, April 29th. They issued a "buy" rating and a $480.00 price target for the company. Canaccord Genuity Group reissued a "buy" rating on shares of MicroStrategy in a research note on Monday, May 19th. Finally, UBS Group restated a "buy" rating on shares of MicroStrategy in a report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $531.17.

Hedge Funds Weigh In On MicroStrategy

Institutional investors have recently modified their holdings of the stock. Quadrant Capital Group LLC lifted its stake in MicroStrategy by 855.6% in the fourth quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock valued at $25,000 after acquiring an additional 77 shares during the last quarter. Dunhill Financial LLC bought a new stake in MicroStrategy during the 4th quarter worth approximately $26,000. Safe Harbor Fiduciary LLC raised its holdings in MicroStrategy by 820.0% during the 4th quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker's stock worth $27,000 after purchasing an additional 82 shares during the last quarter. First United Bank & Trust acquired a new stake in shares of MicroStrategy during the 1st quarter worth approximately $29,000. Finally, Siemens Fonds Invest GmbH raised its position in shares of MicroStrategy by 6,992.7% during the fourth quarter. Siemens Fonds Invest GmbH now owns 119,654 shares of the software maker's stock worth $33,000 after purchasing an additional 117,967 shares during the period. 59.84% of the stock is currently owned by institutional investors and hedge funds.

MicroStrategy Company Profile

Strategy Incorporated, formerly known as MicroStrategy, provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers Strategy ONE, a platform that allows non-technical users to access novel and actionable insights for decision-making, and Strategy Cloud for Government, which provides always-on threat monitoring designed to meet the strict technical and regulatory standards of governments and financial institutions.

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